U.S.-Japan as well as U.S.-Canada bilateral real trade balances, real exchange rates and relative real GDP is non-stationary in levels revealing I (1) behavior. There are evidence of co integration, long-run bi-directional causal flows among variables with no clear evidence of feedbacks in different lag structures. INTRODUCTION Japan and Canada are the most important trading partners of the Uni...

We provide evidence that increased political influence, arising from CIA interventions during the Cold War, was used to create a larger foreign market for American products. Following CIA interventions, imports from the US increased dramatically, while total exports to the US were unaffected. The surge in imports was concentrated in industries in which the US had a comparative disadvantage, not...

The paper examines the trends in exports, imports, R&D performance and patenting activities in regard of Indian drug and pharmaceutical industry for the period 2000-2012. Although most of the analysis, drawing upon different databases, is of descriptive nature, it also estimates functional relationship between exports as dependent variable and patents granted and R&D expenditure as independent ...

This paper develops a dynamic general equilibrium model which tries to reconcile the observation that aggregate movements of exports and imports are "disconnected" from real exchange rate movements, while …rm-level exports co-move signi…cantly with the real exchange rate. Firms are heterogenous, facing recurrent aggregate and product-speci…c productivity shocks, choose which goods to export, an...

With the real exchange rate elasticity of processing net exports being positively related to the processing trade intensity, the modified Marshall-Lerner condition states that a real exchange rate appreciation tends to increase rather than reduce net exports, as long as the composite export elasticity with respect to import via the real exchange rate is sufficiently large. The estimated cointeg...

This article examines the impact of Free Trade Agreement (FTA) between China and Pakistan on economic growth Pakistan. The nature this is analytical, so archival data was retrieved from (UN COMTRADE Statistics).The Econometric Modeling based Time Series Imports Exports for last 12 years, 2008 to 2020, assess Impact imports Pakistan's growth. E-Views are used analyze data. Furthermore, Short-ter...

Does Japanese trade in manufactured goods differ from the rest-of-the world average and from the U.S.? We use a simple industry-level gravity model and 1981-1998 data to answer this question. We construct a measure of normalized imports by dividing bilateral industry-level imports by the importer's aggregate absorption and the exporter's industry output. We find that Japan imports less than oth...

We investigate the dramatic 2008–2009 trade collapse using microdata from a small open economy, Belgium. Belgian trade essentially fell because of reduced quantities and unit prices, rather than fewer firms involved in international transactions, fewer trading partners per firm, or fewer products traded. Our difference-in-difference results point to a fall in the demand for tradables – especial...

By combining economic and financial data for Portuguese manufacturing firms with data on their exports and imports, we uncover some aspects of the relationship between international trade engagement and firms’ performance. In line with recent theoretical and empirical developments in the international trade literature: (i) we testify that Portuguese international trade is highly concentrated, e...